Quote on Nifty 27th March 2026 by Rupak De, Senior Technical Analyst at LKP Securities

2026-03-27 05:42:14 pm | Source: LKP Securities Ltd

Quote on Nifty 27th March 2026 by Rupak De, Senior Technical Analyst at LKP Securities

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Below the Quote on Nifty 27th March 2026 by Rupak De, Senior Technical Analyst at LKP Securities

"A weakening rupee, elevated crude oil prices, and persistent FII outflows have continued to favour the bears. The index is trading below the 21-hour EMA, indicating sustained short-term bearish momentum. Additionally, the RSI has entered a bearish crossover, reinforcing the negative bias.

Given the prevailing market uncertainties, a sell-on-rise approach may remain suitable in the near term. Technically, any rebound towards 23,500 could face selling pressure, as this level is likely to act as an immediate resistance. On the downside, a break below 22,800 may lead to further weakness in the market."

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Quote on Nifty 27th March 2026 by Rupak De, Senior Technical Analyst at LKP Securities

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